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Friday, December 21, 2012

GDP and Population Growth in National News

The Bureau of Economic Analysis released the latest GDP data yesterday, which show that the U.S. grew at an annual rate of 3.1 percent in the third quarter of 2012.

An increase in private inventory investment and government spending, in addition to lower imports, helped accelerate growth in the third quarter. Second quarter real GDP growth estimates were revised to 1.3 percent. See the press release for more details.

In other news, the Census Bureau recently reported that North Dakota is the fastest-growing state in the U.S.: the state's population growth topped 2 percent between July 2011 and July 2012, which is about three times higher than the national growth rate. The District of Columbia took second place, followed by Texas, Wyoming, and Utah. Get a full summary of population growth by state here.

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